The good thing about being a libertarian is that real-world events repeatedly demonstrate that your skepticism of big government is fully justified.
- Nations that adopt dirigiste policies don’t do well.
- States that adopt dirigiste policies don’t do well.
- Localities that adopt dirigiste policies don’t do well.
The bad thing about being a libertarian is that there are very few governments that even partially follow laissez-faire policies.
- In Asia, we have Singapore, Hong Kong, and Taiwan.
- In Africa, we have Botswana.
- In Europe, we have Switzerland.
- In Latin America, we have Chile.
Moreover, there’s always a risk that those few governments with reasonably good policy will veer in the wrong direction.
I worry that’s happening in Hong Kong, and I fear it may happen today in Chile if voters make the wrong choice in a national referendum.
In a column for Quillette, Axel…
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